Goldshore Resources


Primary ticker: TSXV:GSHR, OTC:GSHRF
Stage of development: Exploration, Development
Primary minerals: Gold, Copper
Project to promote: Moss Lake Project
Project location: Ontario, Canada

Goldshore Resources Inc. (TSXV:GSHR / OTC:GSHRF / FRA:8X00F)

Goldshore is an emerging well-financed junior gold developer, who acquired the Moss Lake Gold Project (Ontario, Canada) from Wesdome Gold Mines Ltd. In January 2021. The Moss Lake Project has a historical resource of c1.5M oz Au Ind and c.2.5M oz Au Inf – combined for c.4M oz. gold @1.1 gpt, with a plan to identify a higher grade project within the large global resource. As well, The Moss Lake Project has a historical copper gold mine (North Coldstream Mine) on its land package (operated by Noranda/Xstrata – 1954-1964 and closed in 1997), and significant copper gold targets to be tested going forward.

Goldshore’s Moss Lake Project holds one of the largest land packages by a mining company in North-western Ontario. The project displays significant resource expansion potential of the global resources, as Goldshore takes the project through its next stages of exploration and development, towards an updated mineral resource estimation (MRE); updated preliminary economic assessment (PEA) both in Q1 2023 and Q2 2023 resp., with visibility towards feasibility study (FS) thereafter.

Cash: CAD$10M
Debt: NIL

Major shareholders:

Wesdome – 27%
Sprott – 5%
European Gold Fund – 4%
Retail – 36%
Management Ownership – 12%

Management Profile

Brett A Richards – Chief Executive Officer
Over 37 years of experience in mining and metals including mine financing, mine development, senio7r level operations and M&A.
Led Banro Corp. (private) through an operational transition as a private company to divest certain assets. Former CEO of Midnight Sun Mining (TSXV:MMA), African Thunder Platinum (Private), Roxgold (TSX:ROXG) and former senior executive of Katanga Mining (TSX:KAT)
Former senior executive positions with Kinross Gold (TSX:K) and Co-Steel (TSX:CEI)

What is your rationale for taking part in 121 Mining Investment?

Investor awareness

What recent news would you like to highlight to investors attending?

Drill results and higher grade starter project

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Continued understanding of the size and scale of the potential resource at Moss Lake. identify the high(er) grade envelopes within the large global (1.0 gpt) resource.

6 Months:
Conducting an MRE on the higher-grade resource that has been identified

12 Months:
Publish an independent updated MRE and PEA on the higher grade resource.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Capital market challenges – as a result of there being very little interest in gold and/or gold equities.

What do you think makes your company such a compelling investment?

Undervalued to peer group and to normal trading multiples of project economics

What are the top 3 key investor takeaways?

Higher grade potential; potential global size and scale; and undervalued to peers / industry